Sunrun (NASDAQ:RUN) Stock Price Down 5.7% – Time to Sell?

by · The Cerbat Gem

Sunrun Inc. (NASDAQ:RUNGet Free Report) fell 5.7% during trading on Monday . The stock traded as low as $18.25 and last traded at $18.3380. 2,603,551 shares were traded during mid-day trading, a decline of 44% from the average session volume of 4,663,743 shares. The stock had previously closed at $19.44.

Analyst Upgrades and Downgrades

Several brokerages recently commented on RUN. Oppenheimer lifted their price objective on Sunrun from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. BMO Capital Markets set a $19.00 target price on Sunrun and gave the stock a “market perform” rating in a research report on Wednesday, October 15th. Citigroup raised shares of Sunrun from a “neutral” rating to a “buy” rating and upped their price target for the company from $11.00 to $26.00 in a research report on Tuesday, October 21st. Morgan Stanley increased their price objective on shares of Sunrun from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 2nd. Finally, Zacks Research lowered shares of Sunrun from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $19.58.

Check Out Our Latest Stock Analysis on RUN

Sunrun Trading Down 5.8%

The stock’s 50-day simple moving average is $18.92 and its two-hundred day simple moving average is $15.80. The company has a debt-to-equity ratio of 3.67, a current ratio of 1.46 and a quick ratio of 1.06. The firm has a market capitalization of $4.25 billion, a P/E ratio of -1.64 and a beta of 2.35.

Sunrun (NASDAQ:RUNGet Free Report) last announced its quarterly earnings data on Thursday, November 6th. The energy company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.01 by $0.05. Sunrun had a negative net margin of 106.50% and a positive return on equity of 19.34%. The firm had revenue of $724.56 million for the quarter, compared to the consensus estimate of $601.15 million. During the same period last year, the firm earned ($0.37) EPS. The company’s revenue was up 34.9% on a year-over-year basis. Equities research analysts expect that Sunrun Inc. will post -0.43 EPS for the current year.

Insiders Place Their Bets

In other news, CRO Paul S. Dickson sold 12,493 shares of the company’s stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $20.02, for a total value of $250,109.86. Following the completion of the transaction, the executive owned 647,600 shares of the company’s stock, valued at $12,964,952. This represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jeanna Steele sold 21,037 shares of Sunrun stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of $20.25, for a total value of $425,999.25. Following the sale, the insider directly owned 366,264 shares in the company, valued at $7,416,846. This trade represents a 5.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 315,163 shares of company stock valued at $6,042,042. Insiders own 3.37% of the company’s stock.

Hedge Funds Weigh In On Sunrun

Institutional investors have recently bought and sold shares of the stock. Ieq Capital LLC bought a new position in shares of Sunrun during the 1st quarter valued at about $162,000. Royal Bank of Canada increased its holdings in shares of Sunrun by 5.1% in the first quarter. Royal Bank of Canada now owns 626,536 shares of the energy company’s stock worth $3,672,000 after purchasing an additional 30,175 shares during the last quarter. Amundi lifted its position in shares of Sunrun by 12.1% in the first quarter. Amundi now owns 3,479,021 shares of the energy company’s stock worth $20,686,000 after buying an additional 374,594 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Sunrun by 14.1% during the first quarter. Advisors Asset Management Inc. now owns 55,367 shares of the energy company’s stock valued at $324,000 after buying an additional 6,837 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its stake in Sunrun by 47.8% during the first quarter. Integrated Wealth Concepts LLC now owns 32,767 shares of the energy company’s stock valued at $192,000 after buying an additional 10,598 shares during the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

About Sunrun

(Get Free Report)

Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.

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